finance.yahoo.com

Russian logistics firm asks Kremlin for temporary control of five Nestlé subsidiaries

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Sig2.33Sen-2.38Env0.00Soc-0.45Gov-1.93

A Russian logistics business, KM Logistics, has asked the Kremlin to place five Nestlé subsidiaries into temporary state administration. The request follows claims about Nestlé not exporting products made in Russia, while a Nestlé spokesperson says the government has not contacted it. Nestlé manufactures products in Russia and has Ukraine factories, amid post-2022 scrutiny and prior asset deals.

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